Mr Vegas' Rainbow Fridays Bonus
Cashback on All Wagers Whether Won or Lost
At Mr Vegas Casino, the end of the working week is celebrated with their unique ‘Rainbow Fridays' bonus. This promotion rewards loyal players with a cashback referred to as the ‘Rainbow Treasure'.
How Does the Rainbow Fridays Bonus Work?
Rainbow Fridays is a type of loyalty bonus scheme quite different from the standard deposit match bonus or free spins that many fast withdrawal casinos offer. Instead of providing a one-time bonus, Mr Vegas Casino rewards its players with cash based on their weekly activity.
For every game round played in a slot machine or live casino game during the week, the casino calculates a cash prize that is known as the ‘Rainbow Treasure'. Each cash prize is then added together and credited to your account every Friday. It's a type of cashback promotion.
If you like this type of offer, you should also check out all available cashback offers we have listed here.
Calculating the Rainbow Treasure
The ‘Rainbow Treasure' is based on the total amount of bets placed throughout the week, along with the Return to Player (RTP) percentages of the specific games played. The more a player bets during the week, the larger the Rainbow Treasure they will receive on Friday. Do note that these are real winnings that do not require any wagering before withdrawal.
The following formula is used to calculate the Rainbow Treasure from each game round: 0.06 * (100 – RTP).
Thus, if a game has an RTP of 96%, the calculation would be 0.06 * (100 – 96), which is 0.24. This means that 0.24% of all bets made in that game will be added as a cash reward the following Friday. So, if you bet a total of £1,000 in that game during the week, it would earn you £2.4 on top of whatever the game has already paid you.
While this may seem a bit complicated, Mr Vegas Casino basically boosts the RTP of every game you play by 0.06% – 0.36% (based on 94% – 99% RTP). The extra earnings from this RTP are then credited at the end of the week.
Payout Structure and Limits
The Rainbow Treasure payouts occur every Friday, and they are calculated based on the bets made one week in arrears. This means that if you were playing during week 40, your Rainbow Treasure would be paid out on the following Friday of week 41.
However, there are limits on the Rainbow Treasure payouts. The minimum payout is £0.5, and the maximum payout in one day (from 00:00 – 23:59 GMT) is capped at £300. Any values below the minimum will not be paid out and will be forfeited.
Terms and Conditions
Disclaimer: Please note that the information provided in the terms and conditions below is accurate to the best of our knowledge. However, we cannot guarantee that it's up-to-date at all times. Therefore, we strongly recommend that you always check the terms and conditions at the casino site before making any decision to claim a bonus. We do our best to keep this information current, but we cannot be held responsible for any errors, omissions, or changes that may occur. Thank you for your understanding.
As with any bonus, there are certain terms and conditions associated with the Rainbow Fridays offer.
- It's necessary to have made at least one deposit to qualify for Rainbow Treasure payments.
- It's also crucial to note that the Rainbow Treasure cannot be combined with any other bonus or promotion.
- If you have an active bonus, no Rainbow Treasure can be earned until the completion or failure of that active bonus or promotion.
Final Thoughts
The Rainbow Fridays scheme at Mr Vegas Casino is a novel approach to rewarding player loyalty, with its distinctive RTP boost and weekly payout structure. This promotion has a lot to offer regular players and high rollers who bet frequently throughout the week.
However, it's essential to remember that the bonus can't be combined with other promotions, which is a bit of a downside. The cap on the maximum payout also means it may not be as lucrative for the biggest high rollers that wager more than £125,000 per day.
Despite these points, we find the bonus to be a refreshing alternative to more standard casino offers and definitely worth considering if you are a regular player.
